Apple cited an unprecedented surge in demand for memory and storage driven by AI data center expansion
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By Stephen Nellis and Aditya Soni SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip
Apple raised the prices of its Macs and iPads early Thursday morning, a week after Chief Executive Tim Cook said the soaring costs of memory and storage chips would force the company’s hand. The company briefly took down its Apple Online Store early this morning as it typically does when announcing new products. When it came back online, the price tags for Mac computers rose roughly 15% to 20% and iPad prices rose 15% to 25%.
Innovation remains a priority for the leading consumer technology company.
Stock Market Today: The Dow Jones index rose Thursday ahead of a key inflation gauge. Micron stock rocketed 17% on earnings.
The red-hot stocks have seen their valuations soar in 2026.

<body><p>STORY: From chip stocks getting a fresh boost... to where chip workers have become among the most desirable partners.. This is AI Weekly.</p><p>:: AI Weekly</p><p>Chip stocks rebounded after bullish outlooks from U.S. firms Micron Technology and Qualcomm.</p><p>Micron said customers had committed to spend $22 billion on its chips.</p><p>It also forecast quarterly profit and revenue well above expectations, sending its shares 12% higher in after-hours trading.</p><p>Landsberg Bennett Chief Investment Officer Michael Landsberg says the AI boom has been transformational for memory chip makers like Micron:</p><p>“What’s happened in this space has been, typically this used to be more of a commodity, and so what’s happened now with AI, a lot of these chips are needed to make AI work faster and better so the demand has really been strong across the entire sector.”</p><p>Donald Trump has said Apple has agreed to work with Intel to design and manufacture its chips in the U.S.</p><p>The move would be a major boost for the American chipmaker's efforts to turn around its business.</p><p>A contract with Apple would lock in steady demand from the iPhone maker.</p><p>That would boost Intel's reputation and sales as it looks to close the gap with rival TSMC.</p><p>Oracle's total workforce declined 13%, or about 21,000 employees, in its fiscal 2026.</p><p>It's as the cloud computing giant continued restructuring its business... partly driven by the adoption of AI across its operations.</p><p>Up to 3,000 Santander employees in Spain could also be offered early retirement.</p><p>That's as the bank braces for impacts brought on by AI, Spanish newspaper Expansion reported on Wednesday.</p><p>SK Hynix overtook Samsung Electronics to become South Korea's most valuable listed company.</p><p>Shares in what is now the world's most valuable memory chipmaker rose to bring the company's market capitalization to $1.35 trillion. </p><p>Employees at chip factories are also now part of South Korea’s A-list. </p><p>Some workers at Samsung’s chip division are set for bonuses of about $416,000.</p><p>Around 14 times South Korea’s average annual salary.</p><p>Chip workers now rival doctors and lawyers as the nation’s most desirable partners.</p><p>Lee Sung-mi from matchmaking agency Sunoo says tech staffers now rate very highly:</p><p>"Scores for Samsung Electronics employees have recently risen from 83 to 87. As for clients who work at SK Hynix, their scores are expected to climb from around 80 to 83—showing just how highly favored the company has become."</p></body>
The man who shaped Ferrari's image for more than a decade is leaving the company weeks after the troubled unveiling of its first electric car, with a former BMW executive drafted in to steady the brand.View on euronews
↗️ Micron Technology (MU): The memory-chip maker said revenue quadrupled in the second quarter and that it expects the chip shortage to extend beyond 2027. Shares surged 17% premarket. ↗️ Sandisk (SNDK), Western Digital (WDC), Qualcomm (QCOM): Memory makers and other stocks tied to the AI buildout also rallied ahead of the bell.
June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting
By Ankur Banerjee SINGAPORE, June 25 (Reuters) - Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-
South Korea's Kospi soared more than five percent in a tech-led surge across Asia on Thursday as a forecast-busting earnings report from US chip titan Micron helped traders brush off their latest worries about the AI investment boom.SK hynix jumped around 10 percent and Samsung more than five percent, pushing up the Kospi almost six percent at one point.

Nasdaq jumps amid revived confidence in the AI trade, as Fed-favored inflation print keeps rate hikes in play.
Verizon Communications is losing its spot in the Dow Jones Industrial Average. Following the change, the storied index will no longer include any traditional telecom names since AT&T lost its post to Apple in 2015. While Verizon’s business faces considerable pressure—and a looming threat from SpaceX Starlink network—its dividend looks well covered.
Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.
(Bloomberg) -- At the Hirslanden clinic overlooking Switzerland’s picturesque Lake Lucerne, prostate cancer patient Jörg Pegelow lies on a reclining chair as a doctor wearing two sets of gloves — one made with lead — injects a saline solution laced with a radioactive drug into a vein in his arm.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced
Verizon Communications is losing its spot in the Dow Jones Industrial Average. Following the change, the storied index will no longer include any traditional telecom names since AT&T lost its post to Apple in 2015. It was down 2.6% to $45.53 in trading Wednesday, faring worse than AT&T and the S&P 500.
Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips. Analysts expect the San Diego-based company to name new customers for its AI chips as it tries to gain a foothold in a market dominated by Nvidia. The shift reflects mounting pressure in the smartphone market, where Qualcomm is one of the world’s largest chip suppliers to Android device makers.
Mid-year 2026 is a stress test for long-term conviction. The S&P’s mega-cap leaders have diverged sharply this year, with Microsoft giving back gains as AI capex skeptics resurface, Visa drifting on litigation noise, and Apple riding the iPhone 17 cycle. For investors thinking in decades rather than quarters, that divergence is the opportunity. The three ... 3 No-Brainer Stocks to Buy in June and Hold Forever
The life sciences giant is transforming its diagnostics segment with its acquisition of Masimo Corporation, shifting from traditional laboratory testing into patient-connected, real-time data streams.
Siri's rejuvenation is unlikely to boost the iPhone's market share.
Apple turning to Intel for chips, as Washington announced last week, has the neat logic of necessity meeting ambition. A deal - which neither company has formally announced - would pair Intel's effort to rebuild its credibility as a contract chipmaker with Apple's search for more manufacturing capacity, as its supplier TSMC struggles to meet surging AI chip demand from the likes of Nvidia. Supply constraints at the contract manufacturer have held back iPhone sales, Apple CEO Tim Cook said in April.
A week after Snap launched its pricey $2,195 AR glasses, Meta is going the opposite direction with a $244 version.
Apple (NASDAQ:AAPL) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More. Recently, CEO Tim Cook confirmed that Apple Inc. is raising prices to offset rising memory costs. In response, on June 18, BofA Securities analyst Wamsi Mohan reiterated a Buy rating on the stock with a $380.00 price target. The […]
